When's that going to happen, exactly?
Posted on 11/02/2007 5:23:12 AM PDT by Thorin
The euro, worth 83 cents in the early George W. Bush years, is at $1.45.
The British pound is back up over $2, the highest level since the Carter era. The Canadian dollar, which used to be worth 65 cents, is worth more than the U.S. dollar for the first time in half a century.
Oil is over $90 a barrel. Gold, down to $260 an ounce not so long ago, has hit $800.
Have gold, silver, oil, the euro, the pound and the Canadian dollar all suddenly soared in value in just a few years?
Nope. The dollar has plummeted in value, more so in Bush's term than during any comparable period of U.S. history. Indeed, Bush is presiding over a worldwide abandonment of the American dollar.
Is it all Bush's fault? Nope.
The dollar is plunging because America has been living beyond her means, borrowing $2 billion a day from foreign nations to maintain her standard of living and to sustain the American Imperium.
(Excerpt) Read more at worldnetdaily.com ...
LOL!
Now it's just an excuse for well-meaning socialists to pick your pocket.
No one seems to realize that with the current standard of living in th eUS and our tax burden as a percentage of incomes, we (the average US worker) simply cannot compete with Chicom workers averaging $80-$150 USD / month income. Besides, what fools out there thinks that the US government is going to reduce our tax burdens after inflation skyrockets (and it's headed that way now) and the standard of living in the US heads the other way?
Sure, there's always going to be rich people in the US, but, how can a retail/ service sector based society function if the average worker can barely afford food, housing and medical care?
Import taxes were in place to protect the American worker with his job and add revenue to the gov's coffers....to level the playing field against countries with lower standards of living selling their goods here.
All of it is a sham to allow international corporations to gain huge profits by allowing duty-free imports back into the US, while at the same time, using US monies from it's citizens (stock investments) to build new factories in cheap labor markets.
You don't have to be a f'n rocket scientist to figure that out. Our politicians have been bought off, sold us out, and we're gettin' the weeny.
When's that going to happen, exactly?
I may be wrong about this, but I believe the notion that the U.S. was a self-sufficient nation before World War II is a myth.
Perot was right about NAFTA and NAFTA set the stage for the huge illegal immigration invasion since then
Are these numbers based on the value of the dollar in 2002, 2006 or 2007? Wouldn’t one expect higher export figures to correspond with a weakening dollar? The trap here is viewing these numbers in terms present dollars. What was the value of the Euro in 2002? Food for thought.
NAFTA caused a giant sucking sound of lost jobs? That's funny!
Import taxes were in place to protect the American worker with his job and add revenue to the gov's coffers....to level the playing field against countries with lower standards of living selling their goods here.
Protect America from countries with lower standards of living by lowering Americans standards of living? Great idea. LOL!
All of it is a sham to allow international corporations to gain huge profits
Damn those profitable companies.
Kinda like you personally picking up a new credit card every year and running up to 2/3 of the max while still paying for the older cards' balances.
Our government is spending, not paying down debt and balancing its budget. The jig is up now.
You keep leaving off our exports of jobs, factories, dollars and Treasuries.
Do you think she has a "Che!" T-shirt.
The year the exports happened.
Wouldn’t one expect higher export figures to correspond with a weakening dollar?
You think the dollar weakened every year? You're wrong, but what if it did?
The trap here is viewing these numbers in terms present dollars.
So don't view them that way.
What was the value of the Euro in 2002?
You are correct.....remember all the home equity borrowing just a fews ago? Now there’s 4.4 million brand new homes setting empty across the nation. The ‘10-City median price of a single family home’ is -5% less than it was in 2002. Where’s the equity in those now?
Ross Perot had a point: we are doomed. Others have come-along after him to repeat the message, but he was a pioneer. And someday, we just might be doomed.
Coffee and tea was some of our first imports and we are still importing them. Note this was a he!! of a long time before free trade agreements. Free traders did not invent trade!
Get off your old butt and post those numbers. Prove your point.
More facts, less whining. Please.
Do you happen to have a clock showing the increase in our assets? It would be interesting to know if we're becoming richer or poorer. You can't calculate our wealth without knowing the other side of the equation.
Japan Korea and Germany try to do this. We have given up on this completely. Our major corporations are run by liberal Hilary types (check her campaign donations) who have no loyalty to the United States. Kids fight and die in Iraq and Afghanistan for America but our major corporations have no respect for that. Shareholder value is all that counts
Shareholder value was important 30-40-50 years ago but it wasn't the only factor like it is today
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